Ark Invest quietly doubled down on Bullish this week, buying $5 million of BLSH stock on Thursday — the fourth straight day the firm added shares to its ETFs. According to Ark’s emailed disclosures, Cathie Wood’s investment manager has accumulated roughly $12.5 million of Bullish (BLSH) stock since Monday, calculated using the stock’s closing prices.
Bullish, the exchange and crypto group that is also CoinDesk’s parent company, closed Thursday down 0.2% at $35.96. The stock has slid more than 17% over the past two weeks, a stretch that coincided with bitcoin’s inability to clear the $80,000 level (BTC was trading near $77,349.71).
The moves underscore Ark’s playbook: buying into cryptocurrency-related equities when broader digital-asset pullbacks push prices lower. The steady purchases signal continued conviction in Bullish amid short-term market weakness.
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